Jane Hume (Victoria, Liberal Party, Shadow Minister for the Public Service) Share this | Hansard source

My question is to the Minister representing the Prime Minister, Senator Wong. Minister, more than 27,000 businesses have gone insolvent since the Albanese government was elected in May 2022. The December 2024 quarter was the worst on record, with 3,852 businesses becoming insolvent. This is the third-worst quarter on record in a row following the June 2024 and the September 2024 figures. Mr Albanese now holds the record for the most business insolvencies for a prime minister, with an average of 2,648 per quarter. When a small business becomes insolvent, people lose their jobs, people lose their homes, and families and individuals suffer from severe hardship. Why has the Prime Minister ignored the record level of business insolvency under his government and instead made prices higher for small businesses while also increasing their green and red tape?